US VP nominee Palin: Another Great Depression is possible

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September 24, 2008 21:17

 
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Republican vice presidential nominee Sarah Palin said no Wednesday that the United States could be headed for another Great Depression like that of the 1930s if Congress doesn't act on the financial crisis. Palin's comments came in an interview with "CBS Evening News" anchor Katie Couric. Asked whether there's was a risk of another Great Depression if Congress doesn't approve a $700 billion bailout package, Palin said: "Unfortunately, that is the road that America may find itself on." Palin said the answer to the financial crisis doesn't necessarily have to be the bailout plan that the Bush administration has proposed, but should be some form of bipartisan action to reform Wall Street.

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